PinkCo, Inc., operates in two states, both of which equally weight the three apportionment factors. PinkCo...
PinkCo, Inc., operates in two states, both of which equally weight the three apportionment factors. PinkCo reports the following results for the year. Amounts are stated in millions of dollars. State A State B Totals Sales $25 $75 $100 Payroll 20 30 50 Property 0 100 100 Compute the apportionment percentage for both states. Round your answer to two decimal places. Then, enter it as a whole number and not a decimal. For example, 0.4566 would be rounded to 0.46 and entered as 46. The apportionment percentage for State A is _______% and for State B is _______%.
Homework Answers
| STATE A | STATE B | TOTAL | |||||||
| SALES | 25 | 75 | 100 | ||||||
| PAYROLL | 20 | 30 | 50 | ||||||
| PROPERTY | 0 | 100 | 100 | ||||||
| APPORTION | |||||||||
| STATE A = | (SALES/TOTAL SALES) + (PAYROLL/TOTAL PAYROLL) + (PROPERTY/TOTAL PROPERTY) | ||||||||
| NUMBER OF FACTOR | |||||||||
| = | (25/100)+(20/50)+(0/100) | ||||||||
| 3 | |||||||||
| = | 0.22 | ||||||||
| STATE B | = (SALES/TOTAL SALES) + (PAYROLL/TOTAL PAYROLL) + (PROPERTY/TOTAL PROPERTY) | ||||||||
| NUMBER OF FACTOR | |||||||||
| = | (75/100)+(30/50)+(100/100) | ||||||||
| 3 | |||||||||
| = | 0.78 | ||||||||
| PERCENTAGE OF STATE A IS 22% | |||||||||
| PERCENTAGE OF STATE B IS 78% | |||||||||
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PinkCo, Inc., operates in two states, both of which equally
weight the three apportionment factors. PinkCo...
Please show calculations. Thank you! PinkCo, Inc., operates in two states, both of which equally weight...
Please show calculations. Thank you! PinkCo, Inc., operates in two states, both of which equally weight the three apportionment factors. PinkCo reports the following results for the year. Amounts are stated in millions of dollars. State A State B Totals Sales $25 $75 $100 Payroll 20 30 50 Property 0 100 100 Compute the apportionment percentage for both states. Round your answer to two decimal places. Then, enter it as a whole number and not a decimal. For example, 0.4566...
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Oldham Inc. conducts business in State M and State N, which both use the UDITPA three-factor...
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This year’s operations generated $400,000 of apportionable
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Compare Roger’s State A taxable income assuming that
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a. Calculate the State X apportionment factor
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Corp., Josey Corp., and
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b. Calculate the business income apportioned to
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c. Calculate the taxable income for State X for
each company.
d. Determine the tax liability for State X for
the entire group.
Required information [The following information applies to the questions displayed below.] Sharon Inc. is headquartered in State X and owns 100 percent of Carol Cor., Josey Corp., and Janice Corp., which...
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This year’s operations generated $400,000 of apportionable
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Compare Roger’s State A taxable income assuming that
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Three-factor formula, equally weighted
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